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19/09/24

20:39

Post #: 75752748
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Originally posted by xxLiONxx: ↑

Simple works for my limited brain cells.

As I detailed in the original post that I referenced : I have developed some broad rule of thumb which guide my Buy/Sell decisions in ARL. It keeps me from overreacting to good news and under reacting when the opportunity presents.

I have so far been very patient not to "buy" the dip. My high level reasoning was that DFS will take several months and Nickel is going through a downturn so not a lot was going to happen and I can sit there and wait for the opportunity instead of going in too early as I have done some times in past and regretted.

Last 3 years of chart shows that when ARL moves below 40c the "unfaithful investors" mostly have sold out and diamond hands are left who are among us here. This is when I look for buying opportunity. I set a reminder for myself to look at ARL when this line was breached and it just did today so I got interested.

While I am no expert , I think given my personal financial situation - this risk reward works for me and I will start to put my orders in. Got some today to start the cycle. DFS is still fair bit away and nickel sort of has found a happy range for now but could still go down on bad days but with rate cut cycle starting I can take my chances now.

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Cheers xxLiONxx, sounds like a good strategy. Scooped up most of mine leading up to PFS in the 35 - 43 cents range, average is just on 50 cents, thought it would be doing better but still very happy to ride out the cycle. Got my fill so won’t be adding any more, confident in the future of ARL you just never know when these stocks can jump out of the box and run hard.

Good luck mate

ARL Price at posting: 41.0¢ Sentiment: Buy Disclosure: Held
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